Calculate adjusted gross income and taxable income

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Reference no: EM13876078

Faiz and Yagana are married with three children. Faiz’s annual salary is $72,000 and taxable interest income is $2,000. They have itemized deductions of $13,000. They are filing a joint return. Using the most current version of Form 1040, calculate:

1. Adjusted gross income

2. Taxable income

3. Income tax liability

Reference no: EM13876078

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